Virginia’s Biotech Industry Gains Another Asset: Virginia Biosciences Health Research Corp.

Friday, 8 February 2013 13:11 by Info@YesVirginia.org
This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities...

This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities.

The five founding universities include Eastern Virginia Medical School, George Mason University, University of Virginia, Virginia Commonwealth University and Virginia Tech. VBHRC will also include an 11-member Project Management and Oversight Panel as well as a 13-member Board of Directors.

VBHRC’s mission is to encourage industrial partnerships and increase corporate-sponsored research at Virginia’s universities to augment the Commonwealth’s growing biotech industry. VBHRC’s ultimate goal is to develop life sciences technology that can be used to start new companies and create jobs.

The research focus of VBHRC includes bioinformatics and medical informatics, point of care diagnostics, and drug discovery and delivery.

VBHRC joins a list of leading research institutes in the Commonwealth, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC Laboratories.

Virginia continues to gain recognition for its life sciences industry and was recently ranked the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Ranking Report. With its central location in the mid-Atlantic life sciences corridor and strong technology and life sciences workforce, Virginia is home to nearly 800 biotech companies.

To learn why the private sector has invested almost $2 billion in Virginia’s life sciences industry over the last decade, click here.

Microsoft Announces $348 Million Expansion to Virginia Data Center Campus

Wednesday, 6 February 2013 10:36 by Info@YesVirginia.org
Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs...

Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs.

Fueled by strong customer demand for its cloud services, this investment will allow Microsoft to construct two additional buildings on its existing Mecklenburg County campus. In 2010, Microsoft announced a $499 million investment to establish this facility, followed by a $150 million expansion in 2011, bringing Microsoft’s total investment in this location to almost $1 billion.

With its modular technology and advanced cooling mechanics, the Mecklenburg County location is one of Microsoft’s most advanced data centers. In addition, Microsoft is purchasing renewable energy credits to offset all carbon emissions at the site.

Southern Virginia’s ability to provide a world-class data center location is due in part to infrastructure developed by the Mid-Atlantic Broadband Cooperative (MBC). Established several years ago to support underserved areas, today MBC owns and operates more than 1,500 miles of fiber optic network in Southern Virginia as well as a long-haul fiber network.

Virginia continues to be a prime location for data centers—data processing was the dominant sector for investment in the Commonwealth in 2011, at more than $960 million. Offering companies both the advanced broadband infrastructure and highly-skilled technical workforce, Virginia is poised to continue its growth in this sector.

In addition, the Commonwealth’s favorable electricity rates and Retail Sales and Use Tax Exemption on computer equipment used in data centers provide a strong competitive advantage to companies.

To learn why more than 700 data processing and hosting establishments have selected a Virginia location, click here.

Virginia Recognized as Top State for Green LEED Certifications in 2012

Monday, 28 January 2013 15:06 by Info@YesVirginia.org
Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking...

Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking.

In 2012, Virginia certified 170 projects, which encompassed 29.7 million square feet of LEED-certified space. With 3.71 square feet of certified space per capita, the Commonwealth moved up two places from last year.

Cooper Vineyards of Louisa County was recognized as the first winery on the East Coast to achieve LEED Platinum status.

USGBC is an international organization made up of 77 chapters, 13,000 member organizations, and 181,000 LEED professionals with a mission to build a more sustainable future.

USGBC manages LEED, one of the most renowned green building programs in the world. LEED provides certification programs for the efficient and environmentally-friendly design, construction and operation of a variety of buildings. According to USGBC, LEED certifies 1.6 million square feet of building space each day.

LEED-certified spaces not only offer a healthier environment, the efficiency gains yield a direct impact to a company’s bottom line. Virginia’s leadership in this area illustrates the Commonwealth’s innovative approach to providing a competitive environment in which companies can do business.

To learn more about Virginia’s unique combination of resources and why businesses have succeeded in the Commonwealth for more than 400 years, click here.

JMU Helps Build Virginia’s Cyber Security Workforce

Thursday, 24 January 2013 09:40 by Info@YesVirginia.org
Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region...

Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region.

With an information security program that began in 1999, JMU’s Computer Information Systems (CIS) program was ranked 9th among all Information Systems programs by Bloomberg Businessweek in 2012.

JMU prepares students for cyber security careers with an impressive offering of undergraduate and graduate programs that allow students to earn National Security Agency and Department of Homeland Security certificates along the way. Employers are taking notice—JMU graduates are being snapped up by marquee IT and consulting firms, including IBM, CGI, Accenture, Deloitte, KPMG, PWC, as well as a number of government agencies.

One of the more unique aspects of the CIS programs at JMU is the level of engagement among students and the community. 

On campus, JMU students participate in student clubs that compete nationally, such as the Computer Forensics Group and the Cyber Defense Club. In addition, the JMU Association of Information Technology Professionals (AITP) Student Chapter is the largest AITP student chapter in the U.S. AITP is the leading worldwide society of professionals in the IT industry.

JMU also engages the community through Cyber Defense Boot Camp, a summer program for high school technology teachers, and CyberCity, a program introducing disadvantaged high school students to careers in the CIS field.

Home to the Institute for Infrastructure and Information Assurance, JMU has partnered with George Mason University, the University of Virginia, and other public and private sector institutions on more than 60 research projects in the information security field.

With Virginia universities at the forefront of cyber security research and education, the Commonwealth’s workforce is well-positioned to maintain its top ranking with the highest concentration of high-tech workers, according to Cyberstates 2011.

To learn more about Virginia’s world-class IT and cyber security capabilities across the Commonwealth, click here.

VSU Part of Team Awarded $400 Million U.S. Army IT Contract

Tuesday, 15 January 2013 13:54 by Info@YesVirginia.org
Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army...

Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army.

The Information Technology Services-Small Business (ITS-SB) contract was awarded by the Army Contracting Command-National Capital Region (ACC-NCR) and the Army Computer Hardware, Enterprise Software and Solutions (CHESS) groups as part of a competitive bid process.

The selected partners will support the U.S. Army’s enterprise infrastructure needs by providing a full spectrum of innovative IT services and solutions.

Eight of the 16 selected partners are based in Virginia, including lead-company Tantus|OnPoint. The other Virginia companies/institutions are: Advanced Resource Technologies Inc., CACI, Lunarline Inc., Strohmeir Consulting LLC, Systems Integration & Management Inc., VSU, and Zenetex LLC.

According to VSU, the university will provide support in the areas of Information Assurance, Independent Verification & Validation, Internet Protocol Version 6, Migration and Integration Services, and Warranty and Maintenance.

VSU was selected as one of only two universities to participate in the partnership. The university has a strong legacy of supporting U.S. Department of Defense contracts.

VSU has received multiple accolades for its innovation in IT. VEDP blogged last year about VSU’s Reginald F. Lewis School of Business winning three awards for its “Digital at the Core” initiative, which delivers core curriculum through digital textbooks, MP3 audio chapters, MP3 study guides, and downloadable quizzes and flashcards.

Founded in 1882, VSU is an example of Virginia’s premier higher education system that partners with companies to prepare students with the technological training and skills they will utilize upon entering the workforce.

To learn more about Virginia’s highly skilled workforce and world-class education programs, click here

Prince William County Science Accelerator Augments Virginia’s Booming Biotech Industry

Wednesday, 9 January 2013 10:46 by Info@YesVirginia.org
The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region...

The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region.

The 9,000-square-foot facility offers companies wet lab space for lease that can be built-out to meet specific client needs. Building on the existing industry cluster in the region, the Science Accelerator is expected to serve as a catalyst, accelerating the growth of smaller life sciences companies.

The Science Accelerator is located at Innovation Technology Park, a world-class research and technology park in Prince William County. Anchored by one of George Mason University’s campuses, the 1600-acre corporate park is 20 miles from Washington Dulles International Airport and 30 minutes from the Capitol Beltway. The high-tech hub is home to numerous corporate and institutional clients, including the Virginia Department of Forensic Science, the FBI Northern Virginia Resident Agency, Mediatech, ATCC, and the GMU/NIH Biosafety Research Lab.

Another example of the many successful public-private partnerships in Virginia, the Science Accelerator was developed by the Prince William County Department of Economic Development, Rinker Design Associates P.C., and NAL Research.

Virginia has recently gained recognition for its life sciences industry as the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. The Commonwealth offers companies a central location in the mid-Atlantic life sciences corridor combined with access to leading research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why nearly 800 life science companies have chosen a Virginia location, click here.

A view of the Prince William Science Accelerator at Innovation Technology Park. Courtesy of Prince William County.

William & Mary Unveils the Commonwealth Center for Energy and the Environment

Tuesday, 8 January 2013 10:37 by Info@YesVirginia.org
This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

Open to all William & Mary faculty, the center will function as both a think tank and research incubator that integrates disciplines including the natural sciences, law and policy, social sciences and the humanities.

In 2013, the center will support up to three short-term Environmental Enquiry Groups to define and explore direction for future research and teaching opportunities. Once topics are approved, the center will support the development of Long Term Environmental Quest groups for more advanced study.

William & Mary is already home to the School of Marine Science/Virginia Institute of Marine Science (SMS/VIMS), a leading institution specializing in coastal and estuary marine science and among the largest marine research and education centers in the United States.

With greater interdisciplinary focus, the Commonwealth Center for Energy and the Environment may be able to expand research and address the complicated relationship between energy generation and its impact on the environment.

The center will support Virginia’s “all-of-the-above” strategy to become “the Energy Capital of the East Coast” while expanding the Commonwealth’s energy partnerships and advanced research development. By leading the charge to develop offshore energy, expand renewables and advocate on behalf of traditional fuels including coal, natural gas, oil and nuclear energy, Virginia aims to secure reliable energy for businesses and citizens in the future.

To learn why more than 385 energy companies have established operations in the Commonwealth, click here.

Kraft Foods Invests $25 Million to Expand Virginia Plant

Thursday, 20 December 2012 17:24 by Info@YesVirginia.org
Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs...

Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs. 

Located on 30 acres in Frederick County, the Kraft Foods plant has been producing Capri Sun juice drinks since 1991, employing 460 Virginians. The company has made multiple investments in this facility over the years, including a 2010 announcement that it would invest $40 million and create 100 jobs.

Utilizing its existing 335,000-square-foot facility, Kraft Foods plans to add a production line to increase capacity, as well as bring its packaging to the same facility by adding technology to manufacture its mylar bags onsite.

Food and beverage companies like Kraft Foods continue to select the Commonwealth for its competitive operating environment. Virginia offers competitively priced and reliable electricity, a productive and highly-skilled workforce, a corporate tax rate of 6 percent that remains unchanged since 1972, an unemployment tax burden 32 percent lower than the national average, and construction costs 16 percent lower than the national average.

Virginia’s food and beverage cluster is on the rise, with more than 550 companies calling Virginia home. Not only does the Commonwealth provide a premier transportation network with access to 55 percent of the U.S. population in a 750-mile radius; its top-ranked universities and community college system offer training programs specifically designed to meet the needs of the food and beverage industry.

To learn why Virginia has the recipe for success, receiving more than $1.9 billion in investment for food and beverage projects over the last decade, click here.

Virginia CEO Wins Ernst & Young Entrepreneur of the Year Award

Wednesday, 19 December 2012 09:30 by Info@YesVirginia.org
Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category...

Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category.

Headquartered in Richmond, Va., HDL provides comprehensive testing for cardiovascular and other chronic diseases with a vision towards a more preventative approach to healthcare.

Since its founding in 2009, HDL has rapidly grown to more than 500 employees and has announced two expansions, expected to exceed $70 million, for its facility at the Virginia BioTechnology Research Park.

For 26 years Ernst & Young has recognized business leaders for their innovation and success through its Entrepreneur of the Year® awards. Winners were selected in 10 categories from a worldwide field of 2,000 companies and awarded at the E&Y Strategic Growth Forum gala in Palm Springs, Calif.

Mallory’s novel approach to laboratory testing epitomizes just the innovation Governor McDonnell had in mind when he declared 2012 “The Year of the Entrepreneur.” “Virginia is an incubator for good ideas and we have the right tax, regulatory and business climate for entrepreneurs to turn those ideas into job-creating businesses,” said McDonnell.

Virginia offered Mallory and the team at HDL the right infrastructure at the right time, including a prime location and workforce at the Virginia BioTechnology Research Park.

Adjacent to Virginia Commonwealth University, a Top 100 life sciences research center in downtown Richmond, the Virginia BioTechnology Research Park is located on 34 acres that include nine buildings and more than 1.1 million square feet of office and research space. The park employs more than 2,200 scientists, engineers and researchers through its 60 life science companies, research institutes, and state and federal labs.

The Commonwealth’s biotech industry is on the rise, gaining recognition as a No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. Virginia offers companies a central location in the Mid-Atlantic life sciences corridor and access to top research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why 800 life science companies have chosen to locate operations in Virginia, click here.

Virginia’s Wind Industry Gains Speed with Two Federal Announcements

Monday, 17 December 2012 16:12 by Info@YesVirginia.org
In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE)...

In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE).

On November 30, the BOEM announced federals waters off the Virginia coastline qualified as one of only two wind energy areas (WEAs) for the upcoming competitive lease sale process. This is the first-ever wind energy lease sale on the Outer Continental Shelf.

The Commonwealth’s WEA encompasses 112,800 acres located about 23.5 nautical miles off Virginia’s coastline. According to the BOEM, this area would have the capacity to produce more than 2,000 MW of wind generation, enough electricity to power 700,000 homes.

On December 12, the DOE announced that a Virginia team led by Dominion Virginia Power was one of seven projects awarded an initial grant of up to $4 million for the engineering, design and installation of an offshore wind turbine demonstration facility.  

Dominion will install two Alstom 6-megawatt turbines off the Virginia coastline using an innovative “twisted jacket” foundation that requires less steel. In addition to Alstom Power Inc., the Dominion team includes KBR; the Virginia Department of Mines, Minerals and Energy (DMME); the National Renewable Energy Laboratory; the Virginia Tech Advanced Research Institute; and Newport News Shipbuilding.

Virginia-based Fugro Atlantic has also been selected by the DMME to conduct a geological survey to study the seafloor of Virginia’s WEA in the Outer Continental Shelf.

Recognition from both the BOEM and DOE highlights the Commonwealth’s strengths in the offshore wind industry. Virginia is well-positioned as a leader in this renewable energy field, offering the ideal combination of strong Class 6 winds, shallow waters off the coast, an experienced maritime workforce, a robust transportation network, and access to a fully operational high voltage transmission grid close to shore.

Often called the “Energy Capital of the East Coast,” Virginia is home to more than 380 energy companies and has seen more than $4.6 billion invested in energy projects over the last decade. To learn more about Virginia’s burgeoning energy industry, click here.

A rendering of the Dominion offshore wind turbine demonstration facility, consisting of two Alstom 6-megawatt turbines. Courtesy of Dominion Virginia Power.

VEDP Launches Updated Interactive Tool “Compare Virginia”

Friday, 14 December 2012 15:17 by Info@YesVirginia.org
Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics...

Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics.

This updated version includes an additional Compare MSA feature, which allows the user to contrast Virginia’s MSAs with more than 360 MSAs across the country. The database has been enhanced to include a broader range of demographic and economic statistics, such as population, labor force, employment growth, unemployment rates, GDP and union membership.

The user experience has been vastly improved. Information loads more quickly and allows one to change comparison criteria on the fly, without having to reload. The user can also toggle between the Compare States and Compare MSAs features without losing data.

Another additional feature includes the data dictionary, which provides users with documentation of the sources behind the statistics, as well as a detailed explanation of the data.

Finally, the download report feature allows users to easily export data to either an excel spreadsheet or a preformatted pdf for future use.

To access the updated Compare Virginia site and learn why Virginia is the best state for businesses, visit http://virginiascan.yesvirginia.org/compare/compareva.aspx.

Search


Blog Homepage

Return to blog homepage


About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

Archive

None

© Copyright 2018

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
WhenUsed="true" Name="List 3"/>

Five of Virginia’s top economic developers were recognized on Consultant Connect’s 2017 list of North America’s Top 50 Economic Developers last week.

Consultant Connect, an agency designed to bridge the gap between economic developers and site consultants, announced its annual list of leaders in the industry. The recognized economic development professionals were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices and innovation and success in building the communities they serve.

Virginia tied for the second most appearances of any state on the list of top economic developers. We are thrilled to congratulate:

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

This recognition is a testament to Virginia’s dedicated economic development team at the state, regional and local levels. VEDP is proud to work with such a committed team, and we are thrilled to have so many colleagues recognized on this list.

 

Save

Staying Focused on What Really Matters

Friday, 16 December 2016 14:39 by Info@YesVirginia.org

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

Save

Save

Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building. Located on 30 acres at the Sugar Hollow Business Complex, the 130,000-square-foot building was designed to meet the green building Leadership in Energy and Environmental Design (LEED) standards.

Alpha Natural Resources announced its selection of Virginia as the site for its new headquarters building just over two years ago. The investment of more than $20 million combined with the creation of 69 new jobs and preservation of 131 jobs is a significant boon for the City of Bristol and Southwest Virginia.

Virginia can count yet another headquarters win to its all-star roster, successfully competing against Maryland and Tennessee for the business. Alpha Natural Resources is certainly an impressive company to add to this list. Commencing operations in 2002, the company has quickly grown to become the world’s third largest metallurgical coal supplier and the top metallurgical coal supplier in the U.S.

Location was a key deciding factor in Virginia’s favor. According to CEO Kevin Crutchfield, “The property is in a very attractive park-like setting and has easy Interstate access. A distinct advantage of the new location is its proximity to many of the company’s operations and its convenience for Alpha’s current corporate office work force.”  With a long history of coal mining in Southwest Virginia, the company has an experienced work force to draw upon for future growth.

To learn more about Virginia’s booming energy industry and why other energy companies have said yes to Virginia click here.

Made in America - Virginia's Plastics Industry Expands Again

Tuesday, 22 November 2011 16:02 by Info@YesVirginia.org
Made in America - Virginia's Plastics Industry Expands Again

Commonwealth Laminating & Coating, Inc. just announced plans to invest $16.5 million to expand its highly advanced manufacturing facility in Martinsville, Va. Secretary Cheng was on hand today to present President & CEO Steve Phillips with a Virginia Flag to celebrate the company’s growth as well as the 40 additional jobs this project will create.

As Southside Virginia continues its economic rebound, it is particularly good news for the region when valued employers, such as Commonwealth Laminating & Coating, choose to remain and grow in the area. Even more impressive, Virginia successfully competed against China for this project. Though the company has operations in eight locations across five countries, the Martinsville location serves as the company’s sole manufacturing facility, not to mention its corporate headquarters. With the ever present concern about manufacturing jobs migrating overseas, this expansion speaks volumes about how competitive Virginia’s business environment really is at the global level.
 
This expansion will allow the company to grow its solar control window film and high-performance coatings business serving the automotive, architectural, safety and security, and industrial markets. It also marks another win for Virginia as the Commonwealth stakes its claim as a leading polymer and film manufacturing location.

Virginia is home to more than 200 plastics companies that employ more than 20,000 residents. Since 2002, plastics and advanced materials companies have invested more than one billion and created more than 5,600 new jobs in Virginia. Recently, a number of new investments have been announced including Dupont, O’Sullivan Films and Green Mountain Coffee packaging supplier Phoenix Packaging. To learn why these plastics and advanced materials companies chose to locate their manufacturing facilities in Virginia click here.

Dulles International Airport Delivers More than Passengers

Friday, 18 November 2011 17:17 by Info@YesVirginia.org

What many commuters traveling through Dulles Airport may not know is that this airport handles a significant amount of commercial freight and is primed to handle additional air cargo capacity. From refrigerated food to flowers to pharmaceuticals and heavy equipment, Dulles Airport offers a number of competitive advantages for advanced manufacturers, freight forwarders and third-party logistics providers.

Officials from the Metropolitan Washington Airports Authority (MWAA), Loudoun County, and Virginia Economic Development Partnership (VEDP) recently hosted a group of site selection consultants to expound upon these strategic advantages – location, low operating costs and existing infrastructure.

Located at the center of the East Coast air cargo market, the Dulles Catchment Area covers 25 states and part of Canada with overnight service. Dulles has a dedicated access road providing a fast connection to I-95, and its close proximity to I-81 and I-70 provide an extensive ground transportation network to Eastern, Midwestern and Canadian markets. Due to the nature of goods being transported, timing is critical and gains in efficiencies not only deliver a better product to the end user, but save the shipper from incurring spoilage costs.

Of equal importance to its import capabilities, Dulles is also able to attract a strong market for export, which is crucial to establish cargo for the backhaul. “If exports and imports match up, it’s a huge enhancement and adds to the price-point value. Air freight carriers and manufacturers ideally want the planes to be fully loaded both coming and going,” said Warren Hammer, VEDP Business Development Manager – Logistics.

Dulles Airport can also be highly competitive from a cost standpoint. It is an industry standard to charge landing fees; however, Dulles bases its fees on the Maximum Landing Weight while many of its competitors base their fees on the Maximum Take-Off Weight. As an airplane weighs considerably less at landing, due to fuel consumption, these cost savings can add up over time. Dulles also competes favorably on other costs such as lower cargo handling and fuel fees, as well as fewer weather-related delays compared to its Northern counterparts, leading to an overall lower operational cost structure for carriers and manufacturers.

In 2010 Dulles handled almost 323,000 metric tons of freight, with more than 195,000 metric tons traveling internationally. Its 442 weekly international departures to 48 destinations around the world illustrate how Dulles has already developed a substantial infrastructure. “There’s already a critical mass for the global air cargo market, but what’s most exciting is there’s capacity to grow,” said Brent Sheffler, VEDP Managing Director - Advanced Manufacturing. Added Sheffler, “Dulles has 515,000 square feet of cargo warehouse space, nearly one million square feet of cargo ramp and hundreds of acres surrounding the airport to support highly-secured air cargo and climate-controlled distribution facilities.”  

The air cargo capabilities of Dulles International Airport add to the compelling story of why Virginia is CNBC’s Top State for Business. To learn why Virginia’s is a leading gateway to the world click here.

Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Blacksburg Virginia Named Bloomberg Businessweek’s #1 Best Place in the U.S. to Raise Kids

Thursday, 17 November 2011 15:44 by Info@YesVirginia.org
Blacksburg Virginia Named Bloomberg Businessweek's #1 Best Place in the U.S. to Raise Kids

Best known as the college town surrounding Virginia Tech, Blacksburg is making a name for itself as a family-friendly community after receiving top scores on a number of factors parents consider when deciding where to live. “Excellent schools, combined with an affordable cost of living, relatively low crime, and plentiful amenities lifted Blacksburg to first place in Businessweek.com’s sixth nationwide ranking of best places in each state in the U.S. to raise kids,” according to Bloomberg Businessweek.

Blacksburg offers residents a high quality of life with a multitude of recreational activities. Located between the Blue Ridge and Alleghany Mountains, the town provides easy access to the Appalachian Trail and the George Washington and Jefferson National Forests. In addition to an aquatic and community center, Blacksburg maintains more than 400 acres of parkland which houses public playgrounds, sports fields and miles of walking and biking trails.

It is no surprise that the top city to raise children has an excellent educational system, with schools that score well above average on standardized tests. The community is home to seven public schools – from elementary through high school – as well as several private schools, day-care facilities and preschools. As for higher education, Virginia Tech was ranked 28th in U.S. News & World Report’s Top Public National Universities list and its College of Engineering was ranked 15th in the nation. With more than 100 centers and institutes performing research, Virginia Tech graduates enter the workforce armed with real world, problem-solving experience. 

The Blacksburg workforce is highly educated, with two-thirds of residents above the age of 25 holding a bachelor’s degree or higher and 40 percent holding a graduate or professional degree. This type of educated workforce combined with the research capabilities of Virginia Tech is a huge draw for companies. The Virginia Tech Corporate Research Center is home to more than 140 high-tech companies and research centers and Blacksburg Industrial Park is one of several industrial and research business parks housing numerous high-tech and manufacturing companies. In fact, Blacksburg had

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.

VEDP, VDACS and VA Department of Forestry provide large Virginia presence at IWF 2016.

Save

Save

Save

Foreign Direct Investment Makes Massive Job Impact on Virginia

Thursday, 23 June 2016 09:48 by Info@YesVirginia.org

This week, VEDP attended the SelectUSA Investment Summit, a high-profile event in Washington, D.C. dedicated to promoting foreign direct investment (FDI) in the United States. We had the opportunity to connect with companies all over the world to discuss the benefits of doing business in Virginia.

Governor Terry McAuliffe hosted a Virginia reception to showcase the Commonwealth’s assets and participated in a workforce development panel during the conference.

Global investment supports nearly 487,000 jobs in Virginia. These direct FDI and related supply chain jobs earn higher compensation than the overall state average.

During SelectUSA 2015, VEDP met ELDOR Corporation for the first time. Following the Summit, Governor McAuliffe traveled to ELDOR’s headquarters in Italy to meet with company leadership. Less than one year after first meeting at SelectUSA, ELDOR announced their plans to invest $75 million and create 350 new jobs at their North American regional headquarters in Botetourt County.

More than 700 internationally-owned companies call Virginia home, including Canon, Stihl and Rolls-Royce. Cost-effective operations, pro-business values, global logistics assets and easy access to the U.S. market are just a few of the unique resources that allow businesses to prosper here.

From 2009 to 2014, international companies announced more than 15,000 new jobs and $4.6 billion investment in the Commonwealth. To learn why companies choose Virginia for internal investment, click here.


Governor McAuliffe
participated in a workforce development panel during SelectUSA.

Save

Sumitomo Machinery Corporation Celebrates 50 Years in North America

Friday, 3 June 2016 11:40 by Info@YesVirginia.org

Sumitomo Machinery Corporation of America (SMCA) is celebrating the 50th anniversary of its North American headquarters, located in Chesapeake, Virginia.

Sumitomo Machinery Corporation of America is a subsidiary of Sumitomo Heavy Industries, one of the largest manufacturers of machinery in Japan and the global leader in power transmission knowledge and innovation. SMCA is the premiere power transmission and control solution provider and has customers across the U.S. and globally.

In 1987, Sumitomo relocated to Chesapeake from New Jersey and constructed a new manufacturing facility for the production of its cyclo drive technologies, speed reducers, speed variators, motors and related industrial gears.

Sumitomo has experienced consistent growth since joining the Commonwealth. In 2009, SMCA announced its first Engineering and Service Center would open in Chesapeake, and in 2012, they shared plans for the first phase of a three year investment strategy to transition their 250,000-square-foot facility from an assembly and distribution center to an assembly and manufacturing facility. 

In August 2013, the company announced a definitive merger agreement with Hansen Industrial Transmissions Inc., a leading provider of large size industrial gear drives, which operates at the HNA facility in Verona, Virginia.

Since locating to Virginia, Sumitomo has invested over $60 million in the Commonwealth and has 264 employees in Chesapeake, Suffolk and Verona.

Virginia’s strategic central location on the U.S. East Coast and access to the Port of Virginia has made an ideal home for Sumitomo.

To learn why more than 5,500 manufacturing companies like Sumitomo have chosen to locate in Virginia, click here.


Mayor of Chesapeake Alan Krasnoff and Secretary of Commerce and Trade Maurice Jones recognize Sumitomo leadership during the anniversary event.

Georgia Pacific’s Big Island Mill Celebrates 125 Years in Virginia

Thursday, 26 May 2016 13:53 by Info@YesVirginia.org

Virginia is celebrating Business Appreciation Month by showcasing Georgia Pacific and the 125th anniversary of its Big Island paper mill in Bedford County, Virginia.

Georgia Pacific is one of the world’s leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. Located just north of Lynchburg on the James River, Big Island mill is one of four Georgia Pacific locations in Virginia. The other facilities are located in Gladys, Emporia and Ridgeway.

The Big Island mill has been in continuous operation since 1891, when the first roll of paper was produced. The mill has faced ownership changes, fire, floods, and machinery and technological shifts during the past 125 years.

The paper mill’s most recent announcement in 2015 included a $50 million investment to improve reliability and environmental performance and upgrade technology.

To mark the mill&rsquo YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Virginia to Offer Foreign Direct Investment Expertise

Friday, 24 March 2017 09:51 by Info@YesVirginia.org

The Virginia Economic Development Partnership will attend the German American Trade Association’s U.S. Entry Meeting in Stuttgart, Germany on March 29.

The German American Trade Association is a nonprofit organization that offers seminars and advice on site selection, funding, customs affairs, and finding agents and distributors for companies looking to do business with the U.S.

Ryland Potter, a member of VEDP’s Business Investment division, will serve as a foreign direct investment expert and speak on subsidies and grants available to German companies looking to expand into the U.S. market.

Virginia is a leading gateway to successful business in North America, with more than 550 internationally-owned companies choosing to call the Commonwealth home.

"Companies thinking about establishing a subsidiary in the U.S. attend GATA meetings to get the most up-to-date information in order to assess their potential,” said Luisa Blumfeld, GATA’s Marketing Director.

VEDP values its partnership with the German American Trade Association and the opportunity to meet with companies directly to showcase Virginia as a location to do business.

International companies have invested more than $8.3 billion over the past 10 years. To learn why so many companies choose to invest in Virginia, click here.

Save

Virginia Rises to Second in Atlantic Region in Annual Workforce Development Rankings

Wednesday, 1 February 2017 14:25 by Info@YesVirginia.org

Virginia rose from fourth to second in the Atlantic region in a recent analysis of state workforce development activities conducted by Site Selection Magazine.

Site Selection’s third annual state workforce development rankings provide a general sense of which states, in a given region, are devoting sufficient or superior resources to preparing their workforces for current and future employment. The analysis looked at states’ commitment to skills development as measured by their spending on workforce development, K-12 preparation and the number of working-age adults deemed “career-ready.”

Among the eight ranked states, Virginia scored ahead of highly competitive states like Florida, North Carolina, Maryland, and Delaware, and tied with South Carolina.

“Virginia’s improved ranking is further evidence that we’re making significant progress toward building a 21st century workforce,” said Governor McAuliffe. “We know that workforce is the number one factor companies evaluate when making a decision to locate a new facility or expand their existing business.  We’re pleased to see our position improve relative to our regional competitors and will continue our efforts to assure our position as a leader in workforce development and education.”

Virginia offers customized recruiting and training services through the Virginia Jobs Investment Program (VJIP). To learn more about this economic development incentive, click here.

Save

Virginia Economic Developers Recognized in National Ranking

Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org

Five of Virginia’s top economic developers were recognized on Consultant Connect’s 2017 list of North America’s Top 50 Economic Developers last week.

Consultant Connect, an agency designed to bridge the gap between economic developers and site consultants, announced its annual list of leaders in the industry. The recognized economic development professionals were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices and innovation and success in building the communities they serve.

Virginia tied for the second most appearances of any state on the list of top economic developers. We are thrilled to congratulate:

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

This recognition is a testament to Virginia’s dedicated economic development team at the state, regional and local levels. VEDP is proud to work with such a committed team, and we are thrilled to have so many colleagues recognized on this list.

 

Save

Staying Focused on What Really Matters

Friday, 16 December 2016 14:39 by Info@YesVirginia.org

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

Save

Save

Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

To learn more about Virginia’s wide variety of communities, click here.


Members from VEDP tour available building space in the New River Valley.

Save

Save

Tags:   , , ,
Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Virginia’s Woodworking Industry Provides Solid Foundation

Friday, 26 August 2016 14:31 by Info@YesVirginia.org

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.